15 Best Lumber Stocks To Buy Now

10. Koppers Holdings Inc. (NYSE:KOP)

Number of Hedge Fund Holders: 16

Koppers Holdings Inc. (NYSE:KOP) is a global supplier of treated wood products, wood preservation chemicals, and carbon compounds, with operations in the United States, Australasia, and Europe. The company is divided into three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC). The forward dividend yield for Koppers Holdings Inc. (NYSE:KOP) is 0.69%, with an annual payout of $0.28 and a payout ratio of 6.46%. This relatively low yield suggests that Koppers prioritizes reinvestment over high dividend payouts, focusing on growth and operational needs. In the latest quarter, announced on May 3, Koppers Holdings Inc. (NYSE:KOP) reported a normalized EPS of $0.62, beating estimates by $0.07. These results indicate strong operational performance and efficient cost management. However, the company’s revenue for the quarter was $497.6 million, missing estimates by $7.4 million.

Despite these positive earnings figures, Koppers Holdings Inc. (NYSE:KOP) stock price has declined by 25.01% year-to-date, significantly underperforming the S&P 500’s 14.19% increase. In the first quarter of 2024, the number of hedge funds with stakes in Koppers Holdings Inc. (NYSE:KOP) increased to 16 from 14 in the previous quarter, according to Insider Monkey’s database. The combined value of these stakes is approximately $91.72 million. David Rosen’s Rubric Capital Management emerged as the largest stakeholder among these hedge funds during this period.